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Britive, Which Helps Secure Public Clouds, Lands $20.5M Investment

PRIVATEMar 23, 2023about 3 years ago

Amount Raised

$20.5 Million

GlendaleSecurityCyber Security

Investors

One Way VenturesCrosslink CapitalLiberty Global VenturesPelion Venture Partners

Description

Proving that there’s still plenty of venture money in cybersecurity, cloud identity security platform Britive today announced that it raised $20.5 million in a Series B funding round. Led by Pelion Venture Partners with participation from Liberty Global Ventures, Crosslink Capital and One Way Ventures, the new brings Britive’s total raised to $36 million.

Company Information

Company

Britive

Location

Glendale, Arizona, United States

About

Britive is a cloud-native security solution built for the most demanding cloud-forward enterprises. Our platform empowers teams across cloud infrastructure, DevOps, and security functions with dynamic and intelligent privileged access administration solution for multi-cloud environments. Using deep API-based integrations, our patent-pending technology orchestrates permissioning for the modern enterprise cloud infrastructure and applications. The Britive platform helps organizations implement cloud security best practices like just-in-time (JIT) access and zero standing privileges (ZSP) to prevent security breaches and operational disruptions, while increasing efficiency and user productivity. Britive allows for rapid discovery of privileged access blind spots like "overprivileged" users (human or machine IDs) and recommends appropriate adjustments. With continuous scanning and reporting, Britive ensures ongoing oversight and control for cloud applications and platforms. Our customers include medium to large businesses and Fortune 500 enterprises across healthcare, automotive, retail, media & entertainment, and other industries. Britive was founded by security industry veterans with a track record as successful entrepreneurs and innovators. Britive has been favorably reviewed by leading analysts and we are backed by top-tier VCs and prominent angel investors.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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